1. Kingman (Ariz.) Regional Medical Center saved $1.1 million within its pharmacy department.
2. St. Joseph Healthcare in Bangor, Maine, recouped $153,000 in lost charges by improving its chargemaster management.
3. Glens Falls (N.Y.) Hospital gained $300,000 in net revenue by automating certain parts of its revenue cycle.
4. Hendrick Medical Center in Abilene, Texas increased gross revenue by $1.5 million per month by switching to a new pharmaceutical chargemaster system.
5. Adams County Regional Medical Center in Seaman, Ohio, identified about $1.3 million in savings by improving pricing, charging and coding.
More Articles on Hospitals and Revenue Cycle:
Cashing in on Revenue Cycle Improvements
4 Best Practices for Revenue Cycle Management System Replacement
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Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
